SAN JOSE, Calif., February 6, 2002 - Cisco Systems, Inc. today announced that an internal communication from a Cisco executive characterizing Cisco's Q2 FY 2002 financial results in positive terms was prematurely and inadvertently distributed to a large number of Cisco employees after close of market on February 5. The communication also said that Cisco's booked orders, for products only, were $3.9 billion versus an internal goal of $3.75 billion for the quarter. The memo did not include specific information about revenues or earnings for the quarter.
"As previously scheduled, we will release financial results for the quarter after the close of the market today. So as to minimize any potential confusion, the results we announce this afternoon will exceed the current consensus estimates of earnings per share and revenues for the second quarter of our fiscal year," said Cisco Chief Financial Officer Larry Carter. "We felt it was necessary to disclose this information publicly, given the broad internal distribution of the communication. Investors are urged to listen to our conference call scheduled for 1:45 PM (PST) today for further detail on this quarter's performance."
Cisco will proceed with its regularly scheduled release of financial results over First Call, Full National Business Wire, Analyst wire as well as the European Business and Technical Wire after close of the market today. The press release will also be posted on our World Wide Web page at www.cisco.com.
Cisco's Q2FY 2002 conference call will be held at 1:45 PM PST today. To listen via the Internet, a live and replay audio broadcast of the conference call will be available at www.cisco.com/go/investors. To listen via telephone, please dial 888-566-6155 (within the United States) or 312-470-0032 (for international callers). Due to a limited number of lines available, we encourage you to dial-in approximately 30 minutes prior to the start of the call.
